Tuesday, October 19, 2021 10:51:04 AM
My diagnosis, for what its worth, is broker orders from that large number of original debt holders/early investors, whatever you want to call them, bailing out. Why, because they envisioned the SP being able to withstand this amount of sales due to the recent good news. They felt the SP could withstand these large sales and that there would be buyers. And it appears to be the case, the sales are being snapped up. And even appears to have found a bottom.
So Timmy, no, I don't believe its because these holders suspect doom in the future and are bailing out for that reason. They are bailing out, but only because they can, and have realized very good profits, probably retaining holdings too. Wall Street rule #1, its never bad to take profits.
And I read the PR today, as the company saying "We are pressing on, we are on the job, and working for the future".
I'm holding. I do believe there is a rosy future for this outfit, hopefully in the NY's. Which isn't so far away really!
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